This week in banking news - CommBank rewards, university scholarships, car loans and sustainable gifting
- Find out about the new scholarship offered by Bendigo & Adelaide Bank
- The hidden cost of Christmas you didn’t think about
- How CommBank’s new rewards program could save you money
- November, a busy time of year for rewards credit card holders?
- How sustainable gifts could save you money
- Why now is the time to be comparing car loans
All in this week's banking recap.
Bendigo & Adelaide Bank announce 2020 uni scholarships
If you live rurally and you’re thinking of heading off to university next year, you’ll be pleased to hear that Bendigo and Adelaide Bank are now offering scholarships for 2020 uni applicants from regional areas.
For students who are able to meet the criteria, scholarships of up to $5,000 are up for grabs.
Keen to find out more? Read the full article on Bendigo and Adelaide Bank’s new scholarship here.
Energy: the expense you haven’t budgeted for this Christmas
Whether you love Christmas or not, you probably don’t mind the idea of holing up for a few days and forgetting about the outside world. But of course, with that you’ve probably got the Christmas tree lights on, a second fridge might be rolled out and you might even be baking a lot more in the oven than usual.
So what does that mean for your energy bill? Well after crunching the numbers, Mozo worked out that the average Aussie household adds on $173.16 to its summer energy bill, at this time of year.
Want to find out which appliances are the most costly to run? Why not read the full article on the hidden costs of energy at Christmas time.
How CommBank’s new rewards program could save you money
Speaking of saving money, if you’re a CommBank customer you might be interested to hear that the bank has just released a new rewards program that could save you money.
With CommBank’s new feature, you could earn cashback rewards with everyday expenses, including your weekly shopping trip to Coles.
Read the full article on the Commonwealth Bank’s new cashback scheme here.
Did you redeem your credit card rewards in November?
Well if you did then you’re probably not the only one. According to research carried out by Citi, November was the time to cash in rewards points. In fact, the month saw a 72% hike in customers redeeming hard earned rewards points.
Of course with Christmas just around the corner, it’s no surprise that rewards credit card holders have been hurrying to cash in all those sweet rewards points.
Check out the full article to read more about why credit card holders cashed in rewards points in November and to learn more about how you can make the most of your rewards programs.
How opting for sustainable presents could save you money
Need some last minute gift ideas for Christmas? Well it turns out sustainable presents could be the way to go. We spoke to ME Bank’s Matt Read to find out what eco presents could not only help save the planet, but also save you from dipping into your savings account.
Intrigued to find out what they are? You can read the full article on sustainable Christmas gifts to find out more.
Why now is the best time of year to compare car loans
It’s December and we all know what that means. Christmas, yes Christmas, but also car clearance deals! As you probably already know, the end of the year and the new year is a great time to get a good deal on a new set of wheels. At this time of year dealerships will be hurrying to offload cars built in 2019.
So if you’ve got your eyes on a particular model, now might be the time to think about which car loan will help you get behind the steering wheel sooner.
Want to find out more? Head here to read the full article on the hottest car loan deals right now.
Or if you’re in the mood for scrolling, why not take a look at the deals below, to see which one might help you get your hands on your new vehicle.
Compare car loans - rates updated daily
New Car Loan
Including Demo, Fixed, SecuredInterest ratecomparison rate4.67% p.a.5.22% p.a.based on $30,000
over 5 years
Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.Details
Read our Mozo Review to learn more about the loans.com.au New Car Loan
FixedInterest ratecomparison rate4.89% p.a.to 8.89% p.a.5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years
Enjoy competitively low rate car loans from 4.89% (comparison rate 5.44% p.a.) between $10,000 and $100,000 for new, demo and used vehicles. Take advantage of flexible 3, 5 or 7 year loan terms. No early repayment or exit fees. You must be 21 years or over to qualify and earn above $35,000.Details
Read our Mozo Review to learn more about the Plenti Car Loan
Secured Car Loan
FixedInterest ratecomparison rate4.74% p.a.to 16.01% p.a.5.01% p.a.to 16.31% p.a.based on $30,000
over 5 years
Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $64,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!Details
Read our Mozo Review to learn more about the Wisr Secured Car Loan
Car Loan - Excellent Credit
Fixed, UnsecuredInterest ratecomparison rate5.95% p.a.to 19.99% p.a.5.95% p.a.to 21.0% p.a.based on $10,000
over 3 years
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.Details
Read our Mozo Review to learn more about the SocietyOne Car Loan - Excellent Credit
Up to 5 years old, Fixed, SecuredInterest ratecomparison rate4.89% p.a.5.53% p.a.based on $30,000
over 5 years
Purchase or refinance a new or used vehicle, up to five years old. Choose a loan term from one to seven years. To be eligible you must be over 18, receiving a regular income and an Australian resident.Details
Read our Mozo Review to learn more about the Heritage Bank Car Loan
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